Wall Street bankers may be disappointed in 2022 as big financial firms are expected to cut bonuses by as much as 40 percent due to a fall in bank profits, according to predictions by Alan Johnson of compensation consulting firm Johnson Associates.
In a May 5 report (pdf), Johnson explained that investment and commercial banking profits were down in 2022 compared to 2021, along with asset management incentives and private equity incentives. Hedge funds also remained flat.
